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to the soviets for schering in the hell out of the united states. as a result, they created a program that got me through college and law school. we cannot give up. from this kid -- for this kid comedies make a big difference. let's look at this honestly. 25% of the federal aid to education goes to for-profits schools. they have 12% of the students, 25% of the federal aid, and more than double the student loan default rate in any other class of hire education. there are ways to cut back particularly as it is wasted as some of these tools that give us the opportunity for resources for real indication which can be a part of the future. now, we come to the most painful topic of all, entitlements. social security was included in the simpson-bowles report. i did not agree with all of it, but i thought it was a sensible approach to breathe life in social security beyond its current longevity. i was elected in 1982, came here in 1983, and i was told it was on it's way out. we rolled up our sleeves and we came up with a bipartisan solution with speaker o'neill and president reagan that ultimately brought
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